Suburb Profile Report for Launching Place VIC (3139)

Launching Place House: Median price $420,000, Annual capital growth 5.98%, Number of sales 38, Weekly median advertised rent N/A

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report

Launching Place has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 20.00% to date .

Across a shorter period, Launching Place, 3139 has seen a median price increase of 4.80% over the last quarter.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Launching Place, 3139. Typically our figures indicate that -5.09% is being offered, which puts this VIC suburb at 2468th most discounted overall in Australia.

Residents and property investors in Launching Place have been waiting around 47.6 days to sell a property.

HOUSE UNIT
$420,000 N/A
4.80% N/A
20.00% N/A
5.98% N/A
N/A N/A
38 N/A
N/A N/A
47.6 N/A

Source: CoreLogic

DSR Score for property investment : Excellent (U), Very good (H)
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Demographics
Total population 2491
Median household income ($/weekly) 1185
Median age of persons 38
Median housing loan repayment ($/monthly) 1517
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 379 15.2
    25-34 years 245 9.8
    35-44 years 374 15.0
    45-54 years 397 15.9
    55-64 years 347 13.9
    Others 749 30.1
    Age Group
    Census Count Percent(%)
    Registered Married 896 51.4
    Not Married 640 36.7
    Defacto Relationship 207 11.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 2009 86.9
    Greece 23 1.0
    New Zealand 28 1.2
    Papua New Guinea 23 1.0
    United Kingdom 163 7.1
    Others 65 2.8
    Country of Birth
    Census Count Percent(%)
    Christianity 1166 54.3
    No Religion 956 44.5
    Other Religious Groups 14 0.7
    Buddhism 8 0.4
    Hinduism 5 0.2
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 87 12.1
    $800-$999 74 10.3
    $1,000-$1,249 87 12.1
    $1,500-$1,999 98 13.6
    $2,000-$2,499 82 11.4
    Others 292 40.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 727 39.9
    Not in the labour force 534 29.3
    Employed, worked part-time 425 23.3
    Employed, away from work 84 4.6
    Unemployed, looking for work 52 2.9
    Person Characteristics
  • Census Count Percent(%)
    Professionals 153 12.3
    Technicians & trades workers 269 21.7
    Community & personal service workers 139 11.2
    Clerical & administrative workers 161 13.0
    Labourers 144 11.6
    Others 376 30.3
    Occupation
    Census Count Percent(%)
    Pre-school 42 7.3
    Infants/Primary 232 40.2
    Secondary 174 30.2
    Technical or Further Educational Institution 58 10.1
    University or other Tertiary Institutions 53 9.2
    Others 18 3.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1727 75.7
    Semi-detached, row or terrace house, townhouse 547 24.0
    Flat, unit or apartment 4 0.2
    Improvised home, tent, sleepers out 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 461 57.8
    Fully owned 265 33.2
    Rented 66 8.3
    Other tenure type 5 0.6
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals